Dubai realty prices to gain 10-15% next year as world’s top market again defying interest rate hikes says Knight Frank « ArabianMoney

Dubai realty prices to gain 10-15% next year as world’s top market again defying interest rate hikes says Knight Frank « ArabianMoney:

"Dubai’s real estate market will continue to be the world’s fasting growing in terms of house prices next year, according to agents Knight Frank, with prices increasing by 10-15 per cent. Admittedly this will be lower than the 20-30 per cent house price increases of 2013 but it will still be enough to set Dubai ahead of the rest of the global pack.

For next year the gradual rise in global interest rates is expected to impact on real estate markets around the world. After Dubai house prices will be up five to 10 per cent in Beijing, Shanghai, Sydney and Paris, while prices in London will improve by less than five per cent and New York remain unchanged, says Knight Frank."

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